The Aboitiz Foundation and Center for Agriculture and Rural Development Inc. (CARD) celebrated their first-year partnership anniversary in CMDI, Brgy. Tranca, Bay, Laguna.
The celebration was anchored on the partnership accomplishments over the past year and future plans. The event also included the recognition of stakeholders who helped the organization working for communities that are most in need.
The anniversary marks one year since February 2016, when Aboitiz Foundation and CARD joined hands in helping communities by establishing two adopt-a-microfinance branches located in Brgy. Libtong in Tiwi, Albay, and Brgy. Calinan in Davao City, and the wholesale fund program. The adopt-a-microfinance branch provides easy, affordable access, and friendly experience to microfinance clients who mostly come from the rural and unbanked areas. The wholesale fund program provides support to partner cooperatives in their business operations, alongside several capability building and livelihood skills trainings.
“It is CARD’s great honor and privilege to work with Aboitiz Foundation. Both organizations are complementing in creating economic sustainability and social progress in the community. Just like with Aboitiz Foundation’s mission to help people help themselves, CARD is also committed to empower socially and economically challenged women and families, and transform them into responsible citizens of their communities.”
-Flordeliza Sarmiento, Deputy Managing Director, CARD MRI
The wholesale fund program is now serving 29 active cooperatives nationwide, while the adopt-a-microfinance branch has 782 beneficiaries in Tiwi, Albay, and 728 beneficiaries in Calinan, Davao City. Both adopted branches have 100% repayment performance on their receivables.
The Foundation will continue to provide capability building and livelihood skills trainings to its partner organizations to help ensure that they are well equipped with basic knowledge and skills in handling their businesses.
“The Foundation is committed to continue to look for opportunities and work with partners in co-creating communities that are safe, empowered, and sustainable through its programs in education, enterprise development, environment, and health and well-being to drive change on the lives of its beneficiaries.”
-Maribeth Marasigan, First Vice President and COO, Aboitiz Foundation